Shares of Suzlon Energy fell 3% to Rs 25 in Wednesday s trade on BSE after the Sun Pharma promoter Dilip Shanghvi and Associates decided to terminate the amended and restated shareholders agreement that was signed in February 2020.
The shares of Signature Global and Sai Silks will debut on the exchanges today. While Signature is likely to see a decent listing, Sai Silks debut is expected to be muted.
Brokerage firm Nuvama in its August mutual fund report said that Suzlon Energy stock stood among the top additions for mutual funds in the smallcap universe alongside Minda Corporation, SJS Enterprises, Inox Wind and Medplus Health Services.
Suzlon Energy also delivered multibagger returns to its investors, as the stock has rallied over 140% year-to-date. It has also jumped over 200% in the last six months and gained over 350% in the past two years.
The stock witnessed a strong buying action with over 6.49 crore shares changing hands on the NSE around 9:35 am.QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares, to qualified institutional buyers.